First Carolina Financial Services, Inc. filed its quarterly report on Form 10-Q with the SEC on August 14, 2026, covering the period ended June 30, 2026, and disclosing consolidated financial results for the three and six months ended on that date.

Key Highlights

  • Shares outstanding: As of August 12, 2026, there were 31,068,852 shares of common stock outstanding, up from 24,521,194 shares issued at December 31, 2025.
  • Total assets: According to the filing, total assets were $3,405,929 thousand as of June 30, 2026, compared to $3,317,508 thousand at December 31, 2025.
  • Net interest income: The company reported net interest income of $51,115 thousand for the six months ended June 30, 2026, versus $47,315 thousand for the same period in 2025, as shown in the consolidated statements of operations.
  • Net income: Net income for the six months ended June 30, 2026 was $11,007 thousand, compared to $9,296 thousand for the six months ended June 30, 2025.
  • Total deposits: Total deposits stood at $2,830,715 thousand at June 30, 2026, up from $2,795,673 thousand at December 31, 2025.
  • Emerging growth company: The registrant indicated it qualifies as an emerging growth company under the definitions in Rule 12b-2 of the Exchange Act.

First Carolina Financial Services: Q2 2026 Balance Sheet and Operating Results

First Carolina Financial Services, Inc. (NYSE:FCBM), a North Carolina-incorporated bank holding company headquartered in Raleigh, North Carolina, reported consolidated financial results for the three and six months ended June 30, 2026. According to the filing, total interest income for the six months ended June 30, 2026 was $92,587 thousand, compared to $90,767 thousand for the same period in 2025. Total interest expense for the six-month period was $41,472 thousand, down from $43,452 thousand a year earlier.

The filing shows that net loans receivable were $2,720,485 thousand at June 30, 2026, with gross loans of $2,742,549 thousand and an allowance for credit losses of $22,064 thousand. The company reported a net provision benefit for credit losses of $(125) thousand for the six months ended June 30, 2026, reflecting a provision of $1,175 thousand on loans offset by a benefit of $(1,300) thousand on unfunded commitments. Total noninterest expense for the six-month period was $51,734 thousand, compared to $57,864 thousand in the prior-year period, with consumer fraud and transaction losses declining to $2,770 thousand from $7,039 thousand.

Total shareholders' equity increased to $429,654 thousand at June 30, 2026 from $346,925 thousand at December 31, 2025, according to the consolidated statements of financial condition. The company reported basic earnings per share of $0.44 and diluted earnings per share of $0.44 for the six months ended June 30, 2026, based on weighted average basic shares of 24,776,164 and diluted shares of 24,924,762. The registrant also noted it had not filed all required reports during the preceding 12 months, checking "No" for that compliance indicator on the cover page.

What Was Disclosed

First Carolina Financial Services disclosed its unaudited consolidated balance sheet, income statement, and related financial schedules for the quarter and six months ended June 30, 2026, including asset totals, loan balances, deposit levels, earnings per share, and shareholder equity figures, as required under its Form 10-Q filing with the SEC.